Post-mortem cost accounting

Accountants in industrial plants maintain records on actual expenditures for labor, materials, power, etc., and the maintenance and interpretation of these records is known as actual or post-mortem cost accounting. From these data, it is possible to make accurate predictions of the future cost of the particular plant or process. These predictions are very valuable for determining future capital requirements and income, and represent an important type of cost accounting known as standard cost accounting. Deviations of standard costs from actual costs are designated as variances. 

Post-mortem cost accounting, 145 Power factors for plant capacity, 185-188 Power requirements for gas compressors, 523-525 for pumping, 479492 Practical considerations in design, 9-11 Precedence ordering in design, 383n. 

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See also in sourсe #XX -- [ ]

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